CanadaApr 12, 2024
Trudeau says he doesn't understand why NDP is pulling back from carbon price support
Prime Minister Justin Trudeau says he doesn't understand why the federal New Democrats are pulling back their support for the carbon price, though he acknowledges they are facing political headwinds.
New Democrats have long been supporters of the climate policy, and even campaigned on it in the 2019 election.
But this week, the NDP shifted its position, saying carbon pricing is not the "be-all, end-all" and encouraging premiers to come up with new ideas to reduce greenhouse-gas emissions.
The NDP also backed a non-binding Conservative motion demanding that Trudeau sit down with provincial and
CanadaApr 12, 2024
Walmart Canada outfitting warehouses with robots
Here is a roundup of stories from The Canadian Press designed to bring you up to speed on what you need to know today...
Walmart Canada says robots are coming to two Ontario warehouses, but jobs not at risk
Walmart Canada is planning to bring robots to two Ontario distribution centres. Over the next five years, the retail giant says facilities it runs in Mississauga and Cornwall, Ont., will get outfitted with the technology already in use at its Calgary distribution centre. The Calgary centre has robots that transport pallets of merchandise and another device that mimics a giant arm that can u
CanadaApr 11, 2024
Canada needs to build 1.3M additional homes by 2030 to close housing gap, says PBO
The parliamentary budget officer says Canada would need to build 1.3 million additional homes by 2030 to eliminate the country's housing gap.
The newly released report looks at how many more homes would need to be built restore Canada's vacancy rate to the historical average.
The report by Yves Giroux also accounts for the number of additional households that would form if sufficient housing were available.
Based on those benchmarks, the PBO estimates that Canada would need to build 181,000 more homes a year than it currently does.
The report does not take into account recent federal efforts t
CanadaApr 11, 2024
Canada to allow 30-year amortization for first-time buyers' mortgages on new homes
The Canadian government will allow 30-year amortization periods on insured mortgages for first-time homebuyers purchasing newly built homes.
Finance Minister Chrystia Freeland made the announcement in Toronto today, saying it would take effect Aug. 1.
The Canadian Home Builders' Association has advocated for longer amortization periods, saying five more years would help with affordability and spur more construction.
Freeland also said the government will nearly double to $60,000 the amount first-time homebuyers can withdraw from RRSPs to buy a home.
That's up from $35,000, to take effect April
CanadaApr 10, 2024
Prime Minister Justin Trudeau to testify at foreign interference inquiry
Prime Minister Justin Trudeau is expected to testify today at an inquiry into foreign meddling in Canada's last two elections.
The inquiry has already heard that China and other state actors attempted to interfere, but there has been little evidence so far to indicate whether they were successful.
Trudeau has maintained over the last year that foreign interference had no meaningful impact on Canada's free and fair elections, which echoes what senior government officials have told Parliament.
Several members of Trudeau's cabinet are also slated to testify, including government House leader Kari
CanadaApr 10, 2024
Central bank to hold interest rate steady? PM testifies at inquiry
Here is a roundup of stories from The Canadian Press designed to bring you up to speed on what you need to know today...BoC expected to hold policy rate at 5% today
The Bank of Canada is set to announce its interest rate decision this morning.
It's widely expected to maintain its key interest rate at five per cent, but economists will be watching for any hints about the timing of upcoming rate cuts.
Forecasters expect the central bank to begin lowering its key rate in June as the economy continues to slow and inflation trends lower.
High interest rates have slowed demand in the economy as co
CanadaApr 09, 2024
Conservative motion calls for PM, premiers to have 'emergency' carbon price meeting
Conservative Leader Pierre Poilievre is challenging Prime Minister Justin Trudeau to defend his carbon pricing policy in a televised "emergency meeting" with the country's premiers.
The Conservatives tabled a motion this morning which demands that Trudeau sit down with provincial and territorial leaders within five weeks.
MPs are expected to vote on the motion tomorrow.
Poilievre says he believes Trudeau is "too scared" to hold the televised meeting because he knows the Liberal government is losing the carbon pricing debate.
The Conservatives insist the carbon price is making life less afforda
CanadaApr 09, 2024
Liberal government to launch $500M fund for youth mental health
Ottawa is setting up a $500-million fund to help community health organizations provide more mental health care to young people.
Finance Minister Chrystia Freeland is making the announcement in Ottawa alongside other cabinet ministers.
During the 2021 election campaign, the Liberals promised a similar fund for post-secondary institutions to help with the mental health of students.
The fund marks the latest in a string of campaign-style, pre-budget announcements from the Liberal government.
Prime Minister Justin Trudeau says the budget will be focused on young people particularly on helping the
CanadaApr 08, 2024
Trump declines to endorse a national abortion ban and says it should be left to the states
Former President Donald Trumpsaid he believesabortionshould be left to the states in a video released Monday morning outlining his position after months of mixed messages and speculation.
“Many people have asked me what my position is on abortion and abortion rights," Trump said in the video posted on his Truth Social site. “My view is now that we have abortion where everybody wanted it from a legal standpoint, the states will determine by vote or legislation or perhaps both. And whatever they decide must be the law of the land in this case, the law of the state."
Trump, in the video, did